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Dealers’ Optimism on Rise, says Cox Q4 2024 Dealer Sentiment Index

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The latest survey, conducted immediately following the national election in early November, indicates that, while current market conditions are still viewed as weak, dealers are increasingly optimistic about the future. This significant increase suggests that more dealers believe the auto market will be stronger in the next three months.

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Cox survey finds dealer sentiment stable – at a pessimistic level

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While franchises rated the overall market at 49 – just below threshold – independents gave it a 40. Likewise, independents’ 38 score for the used-car sales environment (up from 36 in Q1) was far worse than the franchises’ hopeful index of 54. In many ways,” Smoke said, “the political climate is a surrogate for ‘uncertainty.’

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U.S. Automobile Dealer Sentiment: Dealers Remain Pessimistic, Cautious

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On the other hand, independent dealers scored the current used-vehicle market at 38 – an improvement from last year and last quarter – but still indicating that a majority of independent dealers perceive the used-vehicle market as weak. 3 on the list of top 10 factors affecting business.

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U.S. Auto Dealer Sentiment Improves in Q1, Market View Remains Weak

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auto market is very different than it was just two years ago.” ” While the current market index, and many of the factors driving it, remains weak, the market outlook index improved significantly in Q1, jumping from 41 last quarter to 51 in Q1.